Monday, January 25, 2010

Gut Feeling In Trading

Never under estimate your GUT FEELING in trading, especially in bearish trends. My gut feel now tells me that we are not gonna rally. It's to premature to enter long positions. Do not be surprised if AAPL earnings' (coming after the close today) disappoint investors. Expectations are SKY HIGH for AAPL stock.

In trading, YOU ARE ALWAYS BETTER SAFE THAN SORRY. I would much rather see stocks i orignially entered as swing trades rally without me, then see them tank hard the following day with me in them!!

The psychology of it alone will hurt you.

Think DEFENSE: meaning be skeptical of all stock moves up or down, cut suspicious trades VERY quickly, GOOD trades "feel" right. Bad ones don't.

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